The current international monetary system consists of
a. capital mobility, domestic monetary autonomy, and floating exchange rates.
b. capital mobility, fixed exchange rates, and restricted trade.
c. domestic monetary autonomy, fixed exchange rates, and restricted currency flows.
d. domestic monetary autonomy, floating exchange rates, and limited capital flows.
Financial burden that is imposed on a country as a result of changes in the international economic system is called the
a. most favored nation principle.
b. nondiscrimination.
c. cost of adjustment.
d. internationalization of finance.
States traditionally seek to achieve three goals concerning international monetary policy. Which of the following is not one of those goals?
a. Predictability of exchange rates
b. Free flow of capital
c. Regulation of monetary policy through international organizations
d. Autonomous domestic monetary policy
The investment by purchasing stocks rather than physical assets is known as
a. direct foreign investment.
b. global capital mobility.
c. international currency market.
d. cross-border portfolio investment.
About how many foreign students study in the United States annually?
a. 100,000 foreign students
b. 400,000 foreign students
c. 700,000 foreign students
d. 1,000,000 foreign students
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